LPL Financial LLC Buys 2,066 Shares of Agilysys, Inc. (NASDAQ:AGYS)

LPL Financial LLC increased its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 21.9% during the 4th quarter, Holdings Channel reports. The fund owned 11,519 shares of the software maker’s stock after buying an additional 2,066 shares during the quarter. LPL Financial LLC’s holdings in Agilysys were worth $1,517,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AGYS. Synergy Asset Management LLC increased its position in shares of Agilysys by 19.1% in the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock valued at $11,157,000 after buying an additional 13,785 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Agilysys by 6.2% in the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after acquiring an additional 30,655 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after acquiring an additional 336 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of Agilysys during the fourth quarter worth about $315,000. Finally, Shaker Investments LLC OH bought a new position in shares of Agilysys during the 4th quarter valued at about $1,084,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Activity

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total value of $725,100.00. Following the sale, the director now directly owns 233,076 shares of the company’s stock, valued at approximately $22,533,787.68. This represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $77.87, for a total value of $155,740.00. Following the transaction, the director now owns 32,654 shares of the company’s stock, valued at $2,542,766.98. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,750 shares of company stock valued at $1,878,513. 19.30% of the stock is owned by insiders.

Agilysys Trading Up 1.2 %

Agilysys stock opened at $69.45 on Friday. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 86.81 and a beta of 0.64. The firm has a 50-day moving average of $75.93 and a 200-day moving average of $104.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, equities analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on AGYS. Needham & Company LLC dropped their target price on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Craig Hallum cut their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. UBS Group set a $100.00 target price on Agilysys in a report on Wednesday, March 5th. Northland Securities boosted their price target on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Oppenheimer reduced their price objective on Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.

Agilysys Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.